Record-Low Mortgage Rates for Your Stephenville Home

Getting a good mortgage rate can make a world of difference when purchasing your Stephenville, Texas home. Taking out a mortgage with a low rate can save you thousands of dollars in interest payments and allow you to pay off your home more quickly.

According to mortgage financier Freddie Mac, the average 15-year mortgage for a home recently dropped to an interest rate of 2.56% from 2.61%. This may not seem like a significant shift, but small changes in mortgage rates can have huge effects when applied to the large numbers involved in a real estate transaction. Last year, according to CNN, the average 15 year mortgage rate was 3.07%, showing a significant and steady decrease over time. Also, the average 30-year mortgage rate dropped 0.04%— again, this isn’t a huge numeric change, but it certainly makes a difference when applied to real estate transaction numbers.

But low rates are not only beneficial for people looking to buy a home. Current Stephenville, Texas homeowners can also benefit from these low rates. Refinancing can be a great option to save some money on your home or pay it off more quickly. If you have a current 30-year mortgage, consider refinancing for a 15-year mortgage at a low rate instead. The payments will be a bit higher, but with the low interest rate and acceleration of the process of paying off your home, it is worth looking into. Stephenville homeowners with adjustable rate mortgages might consider refinancing to a fixed-rate mortgage while the rate is low. A fixed-rate mortgage will lock you in at whichever rate you get, which is likely low in this market, to prevent fluctuation in your month-to-month mortgage payments and keep a more steady budget.

For further Stephenville or Erath County mortgage and real estate advice, don’t hesitate to contact us. We are experts in our field and would be happy to help you with all of your Stephenville real estate needs.

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Testimonials

“Jamie Stockstill held my hand through the entire process. Being a first time home buyer I had a million questions but she was always there, no matter what time of day, to answer my calls or texts. I always felt like she was working for my best interest. I will recommend her to anyone I come across looking to buy or sell.”

Paula

“Terry Childers was extremely helpful, reliable, friendly, and knowledgeable. We had some bad luck while house hunting but Terry was persistent and never let up. He went above and beyond to make sure we were satisfied. If we ever sell or buy again Terry is our only choice.”

Ken

“Desiree Bridges went above and beyond to help us first time home buyers go through the, at times stressful, process. She constantly followed up on items and helped us stay on track, along with the bank and seller. Throughout the entire process she was professional, knowledgeable, and trustworthy. She took our complete lack of real estate knowledge in stride and answered every question. We never had to worry that something was slipping through the cracks on her end. And now we are satisfied home owners. Highly recommend and if I were gonna to buy another one I’d go with Miss Desiree again at Hayden Real Estate!!”

Billy

“Cindy Carrell is an amazing realtor! Cindy did an excellent job marketing our home & successfully helping it to sell for exactly what we wanted and in under 60 days. Cindy is professional and a pleasure to work with. She is prompt to answer questions and to help resolve those situations that arise while selling and buying a home. Cindy also helped us find our forever home within a week of listing our house. If you are looking for a realtor Cindy is an excellent choice!”

Cindy Carrell is an amazing realtor!

“Eric & Jamie Hayden were great to work with. They are very responsive and know the area well. They have a great team around them that made the process of selling very easy. We were out of state during the sale and they went above and beyond to assist in coordinating with us. Definitely recommend!”

The texas real estate commission (trec) regulates real estate brokers and sales agents, real estate inspectors, home warranty companies, easement and right-of-way agents, and timeshare interest providers you can find more information and check the status of a license holder at www.trec.texas.gov you can send a complaint against a license holder to trec a complaint form is available on the trec website trec administers two recovery funds which may be used to satisfy a civil court judgment against a broker, sales agent, real estate inspector, or easement or right-of-way agent, if certain requirements are met if you have questions or issues about the activities of a license holder, the complaint process or the recovery funds, please visit the website or contact trec at texas real estate commission p.o. Box 12188 austin, texas 78711-2188 (512) 936-3000